Rail fares will rise as investment falls

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A cleaner, greener, faster railway — what’s not to like? For the coalition Government, the planned improvement of the railways over the next five years ticks all the right boxes except one: although the green-minded coalition might appreciate the public transport strategy that Labour has set in process, it cannot afford it.

It is quite clear that the need to cut public spending will take priority over all the Government’s transport ambitions — high-speed rail, electrification and probably Crossrail.

Transport chiefs may have had their hopes raised by the former Transport Secretary, Lord Adonis, something of a railway geek, over the past